405 N 1st AVE, Barstow, CA 92311 – PW24229440 - Norma Mardelli

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$1,050,000

Est. payment - /mo

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8,398 Sqft Lot

Active

405 N 1st AVE Barstow, CA 92311

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/19/2024 05:49 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24229440

HOA Y/N No

Year Built 1955

Lot Size 8,398 Sqft

Property Description

Investor Opportunity in Barstow, CA! This recently remodeled 10-unit property is an ideal investment, with all units updated with new paint, flooring, and fixtures. The owner has taken great care to elevate the property's appeal—completing full unit remodels, raising rents to market value or above, and securing reliable, high-quality tenants. Property is currently generating excellent positive cash flow. Barstow's future shines brightly with ambitious city initiatives. The upcoming $1.5 billion Barstow International Gateway project will introduce a massive railyard, warehouse center, and solar farm, bringing thousands of jobs and development opportunities. Meanwhile, a General Plan update and BIG Specific Plan are set to add 6,920 residential units and over 14 million square feet of non-residential spaces. With improvements underway in transportation, public services, and housing options, Barstow is primed for economic growth and sustainability. Secure this property and benefit from immediate returns while capitalizing on Barstow's promising future!

Location

State CA

County San Bernardino

Area Bstw - Barstow

Interior

Heating None

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Assigned

Pool None

Community Features Street Lights, Sidewalks

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

Total Parking Spaces 10

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 0181051120000

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Richard Valderrama Calle • The Dara Group Inc. • 3109279680